Mexican peso

National monetary unit of Mexico, the peso which makes 100 centavo is Mexican. In the cash circulation there are denominations dignities 20, 50, 100, 200 and 500 peso. The international designation of Mexican peso - MXP .

The Law from December, 9th, 1904 instead of silver peso (24,236 g of a fine silver) as monetary unit enters peso with a gold content into 0,75 g of pure gold that there corresponded to a parity rate to US dollar 2,006 peso for 1 dollar.

In July, 1931 exchange of notes on gold has been terminated also coined golds have ceased to be a lawful legal tender. From April, 26th, 1935 silver coins also have been deprived by the law force of a lawful legal tender which notes of Bank of Mexico began to have only. After the termination of exchange of notes on gold the peso actual quotation became below parity.

In 1993 there passed denomination of token moneys. So, 1000 old peso were equated to 1 new peso. Old
And new denominations differ among themselves with the sizes and external decor. Besides peso, in territory of Mexico
Practically everywhere the US dollar is accepted.

Now, in Mexico, in circulation there are two series of notes: series D - 1996 and series F - 2006. For example, on face side of the note 500 Mexican pesos of series D, the portrait of Ignasio Zaragoza (1829-1862), the general of the Mexican army, and on a denomination of series F, the same nominal value - a portrait of Diego Rivera (1886-1957), the Mexican painter and the politician is represented.

In the majority of hotels, restaurants, shops and country travel agencies at payment are used
Credit cards of leading world systems and traveller's cheques, basically in US dollars. In resort places is available
Considerable quantity of cash dispenses.